All Forum Posts by: Jeff Tumbarello
Jeff Tumbarello has started 208 posts and replied 1026 times.
Post: STR in SW FL - Hurricane / Insurance Concerns
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Mike McGee:
SF or duplex. Might consider townhouse/condo if HOAs were reasonable and had no STR restrictions. Gulf access canal front would be great. Something that already had a proven track record as an STR would be ideal.
Very hard to find HOA that are not a PITA in relation to STR, lol. Try and stick in the Unincorporated parts of the area. Less Government Interference.
Post: STR in SW FL - Hurricane / Insurance Concerns
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Mike McGee:
I want to buy an STR in southwest Florida. My wife is very concerned about the insurance costs and the hurricanes which drive them up. I'm trying to find a way to search only for properties that have maximal hurricane mitigation (elevated out of flood insurance requirements, impact windows or shutters, roof up to current code, etc.) to keep insurance costs down.
Is there any way to search for only properties with these mitigations?
What type of STR? newer construction is better for the insurance cost.
Post: Official: Buy & Sell Your BPCON Tickets Here!
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
How do w know the ticket is valid?
Post: Official: Buy & Sell Your BPCON Tickets Here!
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Who has a ticket for sale?
Post: Driveway issues in Florida
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Picture?
Post: ⏰ BPCON countdown is on! Handful of tickets left! 🎟️
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Any tickets left?
Post: Anyone else flipping new mobile homes on land?
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Erin Church:
Hey Jeff,
Looks great! Are you only selling to cash buyers, owner financing, renting, or something else? (I don't know anywhere that will lend on a second set home. If you do, I'd love to know who.)
Do you have a buy box for the used homes you purchase? How much rehab are you typically having to do? :)
Our exit is to cash buyers. We also hold them as well. There is a group of us from Florida, we have about 90 doors in the area collectively.
We will either buy land and bring the mobile in or buy and rehab. Down for whatever as long as it makes sense in a spreadsheet.
Post: Which STR Strategy Would You Choose? Orlando/Kissimmee
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Which one did you choose?
Post: Anyone else flipping new mobile homes on land?
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Robert E Bogino:
Hard to find mobile home posts not in the 'park" forums. 3 years ago I transitioned from SFRs to mobile only. Rehabs but mostly demoing old homes and replacing them with new or developing raw land for new homes. Typically in GA my ARVs are 250-300k, usually around 30% ARV in total profit after all soft cost including financing. Even when interest rates went up I had to drop the prices on all my SFRs listed, but literally raised price on each mobile home.
Anyone else using this model with success besides @Erin Church ?
We are doing Mobile outside of Parks, south of Atlanta. We have a source for used Mobiles. Going direct to the seller for land.
Pics are from a deal that we just did, the 2nd sale closes 10/20/2023
Post: Strategies for Identifying Fraudulent Sellers
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
~New Location~
When: November 1st, 2023
The doors will open at 11:00 AM, allowing you to enjoy your meal and engage in valuable conversations. Use this opportunity to build connections, exchange ideas, and establish professional relationships. The formal meeting starts at noon.
Topic: Strategies for Identifying Fraudulent Sellers
Identifying fraudulent sellers in real estate transactions is crucial to avoid financial loss and legal issues. You can minimize the risk of falling victim to fraudulent sellers in real estate transactions. Always do your due diligence and consult with professionals to ensure a safe and secure transaction
Speaker: Sasha Zuckerman, Office Manager Shemtov Title
This is a different location. We will have a private room, that has a stage.
Location: Blackbeards Tavern
Address: 3448 Marinatown Ln unit c, North Fort Myers, FL 33903
Click here for membership information
Free for SWFL REIA members
Non-Members are $25.00
Please email [email protected] to RSVP